International

Rostelecom to build Internet superhighway connecting Europe and the Middle East

May 5, 2011 May 5, 2011

Rostelecom, Russia’s national telecommunications operator, announced an agreement this week to form a consortium with three other national telecommunications companies — the UK’s Cable & Wireless, Iran’s Telecommunications Infrastructure Company (TIC), and Oman’s Omantel. The consortium’s goal is to create a vast Internet superhighway, the Europe Persia Express Gateway (EPEG), connecting Europe and the Middle …

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Oxford University to help two companies from Tomsk

May 4, 2011 May 4, 2011

Isis Enterprise, the business consulting arm of Oxford University’s technology research group, Isis Innovation Ltd, will assist Triaxes Vision and Tomanalyt, two innovative companies from Tomsk, in their efforts to market their products internationally. Isis has entered into a three-year agreement with the two companies.

Western and Russian investors bring $1 million to hotel booking site

May 2, 2011 May 2, 2011

Ostrovok.ru, an online hotel booking service launched last summer, announced last week it had raised $1 million from General Catalyst Partners, a US-based venture capital and growth equity firm, Kite Ventures, a Russian venture fund, and business angels who founded online travel services in the US and China such as Kayak and Qunar.com. The founders say …

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Yandex warns against threats from state and oligarchs; Considers international expansion

May 2, 2011 May 2, 2011

Yandex, the Russian search giant that filed a registration statement with the SEC for a proposed IPO on NASDAQ last week, warned potential investors in its prospectus that it was as “vulnerable to politically motivated actions” as any other high-profile businesses in Russia. In the prospectus, Yandex acknowledges the risk of “other parties” perceiving its …

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Facebook reaches 5 million active users in Russia

April 29, 2011 April 29, 2011

Facebook representatives announced this week that it now counts 5 million active users in Russia, reported news agency RIA Novosti. That figure, however, represents a mere one Internet user out of ten, and Facebook still lags behind Russia’s social networking behemoths Vkontakte (23 million unique users in February 2011, according to TNS), MoiMir (20 million), …

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Yandex prepares IPO; hopes for $9 billion valuation

April 28, 2011 April 28, 2011

Russia’s leading search engine Yandex announced that it has filed a registration statement with the SEC for a proposed IPO on NASDAQ, TechCrunch reports. According to the filing, the proposed maximum aggregate offering price amounts to $1 billion. A portion of the shares will be issued by Yandex, and a portion will be sold by certain …

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Kazan’s IT-Park opens business incubator

April 28, 2011 April 28, 2011

A business incubator has opened in IT-Park, the high-technology technopark in Kazan, in the Republic of Tatarstan, Interfax reports.

Google blacklists pirate sites at publisher’s request

April 28, 2011 April 28, 2011

Google has deleted from its search results the links to 446 pages of 106 pirate resources, which had illegally borrowed content owned by Eksmo, a leading Russian publisher. Among the blacklisted sites are Bookmir.ru, Fanknig.ru, and Kniga-free.ru, as well as torrent tracker Torrentino.com, reported Vedomosti, a Russian business daily.

VimpelCom to invest up to $500 million in Vietnamese subsidiary

April 28, 2011 April 28, 2011

VimpelCom, a leading mobile operator in Russia and one of the world’s largest telecom group, announced yesterday that it agreed with its local partner in Vietnam on a financing plan for its Vietnamese joint venture, GTEL-Mobile.

Twitter debuts in Russian—five years after English version

April 27, 2011 April 27, 2011

Twitter officially launched new Russian and Turkish language versions of its web and mobile interfaces on Tuesday. The microblogging service launched in the US in 2006 only started to gain notice and popularity in Russia about two years ago.

MegaFon and Nokia Siemens Networks launch world’s first commercial HD voice GSM network

April 27, 2011 April 27, 2011

Moscow, Russian Federation – Subscribers of MegaFon can now enjoy crystal clear voice call quality and an enhanced overall communications experience. The operator now provides High Definition voice services on its Moscow and Sochi GSM and UMTS networks.

Court Coursey of TomorrowVentures: “Russia is one the fastest growing markets on the planet”

April 27, 2011 April 27, 2011

TomorrowVentures, a US investment fund founded in 2009 by Google chairman Eric Schmidt, announced earlier this week the formation of a strategic partnership with Digital October, a Moscow-based cooperative work space and events organizer. Court Coursey, Managing Partner at TomorrowVentures, agreed to speak with EWDN on the subject of their new partnership.

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